Solar Product Cost Jumps A Lot Of in 8 Months on Supply Woes

Jun 29, 2022 05:56 PM ET
  • Polysilicon costs climb nearly 5% as plants stop outcome for upkeep at a time of solid demand.
Solar Product Cost Jumps A Lot Of in 8 Months on Supply Woes
Image: Qilai Shen/Bloomberg

Polysilicon prices jumped by the most in eight months with upkeep scheduled at key facilities, intimidating to raise the expense of photovoltaic panels as clean power demand soars.

The typical expense of one of the most expensive grade of polysilicon rose 4.8% to 286.3 yuan ($ 42.7) a kilo on Wednesday, according to a declaration from the China Silicon Sector Association. It's the highest rate for the product considering that late 2011.

Rising Polysilicon

Solar panel material rate climbs to brand-new high

Prices have actually been rallying given that the start of the year on soaring demand for solar panels as federal governments look for to fulfill climate objectives and wean themselves off all of a sudden much more costly nonrenewable fuel sources. Materials have actually just recently been more tightened after a production plant halted outcome to do upkeep, and also other centers are scheduled for downtime in the third quarter, according to the association.

Greater rates for the material have actually dripped with the supply chain and increased the price of solar equipment, injuring profit margins as well as causing the termination or delay of some jobs. Polysilicon prices might remain to climb in the 3rd quarter, additional boosting the cost of solar cells and also modules, SolarBe analyst Yin Yeze stated in a note Wednesday.

Solar Installers, Manufacturers